AUDITING FIRMS have welcomed instigates by the Japan Corporate Auditors Association (JCAA) to release its first revision of auditing standards in 30 years.

AUDITING FIRMS have welcomed instigates by the Japan Corporate Auditors Association (JCAA) to release its first revision of auditing standards in 30 years.

The revised standards place of recent origin obligations on corporate auditors with regard to auditing internal superintendences and monitoring the independence of accountants. In order to reinforce their responsibility to shareholders, they are also now asked to generate auditors' statements.

The Association's auditing standards forward as the code of direction for corporate auditors. Like the auditing standards used by means of certified public ...